10 Best Places in the US to Retire on $5000 a Month

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7. Lake Charles, Louisiana

Monthly living budget: $3,764 

Monthly average rent: $1,080 

Lake Charles, a city in southwest Louisiana, offers retirees with a unique blend of southern charm, cultural richness, and affordability. The monthly living budget required to live comfortably in Lake Charles is $3,764 and the local economy is driven by industries like petrochemicals and gaming. The crime rates in this city vary, but residents and visitors are generally required to exercise increased precaution.

While healthcare facilities are available, retirees might need to visit nearby hospitals for specialized services. The city also offers a pleasant climate, however, the risk of hurricanes should be considered. Lake Charles has a distinct culture — a mixture of Creole and Cajun, allowing retirees to explore a rich culinary experience and vibrant local festivals.

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